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April 20, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Springfield, Business Loans > Citizens National Bank - Springfield Springfield Business Loans > Lamar's Donuts Loan | ||||
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Springfield, Missouri Bank Loan
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Springfield, MO Entrepreneur Gets SBA Loan to Buy Lamar's Donuts FranchiseNeed a loan to purchase a Lamar's Donuts franchise? Citizens National Bank - Springfield has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Lamar's Donuts franchise? If so, here's a 2002 SBA franchise loan that you should know about. Citizens National Bank - Springfield was the lender and the entrepreneur was based in Springfield, Missouri. SBA Loan Borrower LAMAR'S DONUTS SBA Loan Lender CITIZENS NATIONAL BANK - SPRINGFIELD This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5461 - Retail Bakeries NAICS Code 311811 - Retail Bakeries Loan Approval Date 5/9/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Lamar's Donuts franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citizens National Bank - Springfield are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: SBA Approved Banks in Springfield, Missouri
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